Signs of recovery in China's property market send an optimistic signal for the economy in 2013. The WSJ's Tom Orlik explains what measures helped to spur this recent improvement in outlook.

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... all eyes in China has double manages ... to kick in ... this is Asia's today mine GE ... and joined by public on the Street Columnist from Beijing ... to meet been covering the sector could sleep eat the beans sit down on the housing market in China so while this to buy this and all citizens Dawson's Creek and tell us what's going on ... the story ... has been a ... tough he is about raising SEC set of Henri seen in the last few months ... is the sales started to creep up an entire rising quite strongly compared to a year ago ... um ... prices starting to edge up ... in knots trading high confidence among developers ... there were turning to the land located to still come on home alarm ... and they will cease trying to break Kringle new projects ... um we estate isn't hugely important driver of China's economy ... hugely important ripe for China's local will materials to the strains of the of a modest recovery in China's ... real estate site to ... Aaronson optimistic signaled the for the economy going into twenty thirteen ... have to find nothing in China ever happens about sums of government involvement saved to focus three was behind all this ... well back into ties Nintendo aam ageing decided that ... rice prices would just pricing to follow Steve was really cold ordinary Chinese people to get their work from home so strong that the prophesied of a ... silly hats were pretty draconian policies introduced which basically plays in raising market ... least three years although ... these policies and really had some of that they've they've had some desired effect ... increases in rice prices and come to a whole base prices the base even for the last year ... the ... incomes continue to rise pretty quickly lots of people it been seeing double digit increases in income ... and that means that some of the big gap between rice prices and income has been clues ... more people can afford a nice it would seem more ... by a small last time buys come into the market ... familiar pain quite a regime entry here had a nice of risks is well this is weak and forth from him ... there are a dead heat risks remain ... aam ... ice prices even though that some of the difference between rice prices and income has been corrected ... ICE prices remain very expensive ... aam ... the Saints claimed this concern all significantly with supply ... in China's rising while kit ... if you look of the official date set it seems like those in the property under construction ... to me funny P is one of the moment ... we are single new home and ... being still sit ... on the concern that this this this overhang of unsold supply which could weigh on prices ... and could be a very upset about this ... on starting work on new projects ... colleges once tossed one final question ... housing isn't point to a new claim it seems especially important China can just focus to just wipe place such a central role in the Chinese economy ... well um say China is a country which is still ... blazing extremely quickly ... it's a country with incomes of icing ... extremely quickly I miss a country unless there are limits his ... investment option it's up there is a very reliable live at a seasonal good place to put your money ... buying deposits off of a relay returns settles investors put that money in court that she is well ... what that means is just as this huge among the ... for real estate ... as a consequence to reduce the investment ... has ... proven it rains the rain told the son of China's gross domestic product ... the when you stop facts are in the knock on impact on things like steel among ... cement among the furniture which people flying off to the touches the hearts ... of appliances they buy ... things that that the car on the bright spot in the carriage but Brody took a bite them a significant contributor ... to China's economy ... um that's why he does the signs of ... a return to its ... own sales in the market are pretty posted indicates an ... up or Beijing ... and that's why good things ... to be the role of the consequences could be ... pretty far reaching ... well thank you so much for joining home or a cut on the Street columnist in Beijing ... that's it Asia's day on GE for more news story and many more please conceived only SJ don't call